Boosting support for Iceland’s biggest banks

Providing multi-bank solutions

Long-standing IT service center RB develops and provides core systems to all banks in Iceland, including the country’s central bank. Problematically, many of these banks were previously running on costly legacy systems, and it was RB’s objective to change this, by providing multi-bank solutions that increase efficiency in financial institutions while lowering costs. But to do that in the most successful way, RB needed to review and challenge its own business processes, rationalize costs and replace its existing system.

“RB needed a strong partner and a flexible solution to replace the legacy software that RB has been running for Icelandic banks for decades. With the help of an external consulting company, RB performed an extensive selection process. A lot of partners and systems were analyzed and, from them, three were chosen for a final phase, and eventually Sopra Banking was selected.

RB is very satisfied with the cooperation with Sopra Banking, and their software has proven to be both flexible and feature-rich, able to fulfill the requirements of the banking system in Iceland. Currently, we are looking into opportunities to extend the use of the Sopra Banking system in Iceland and possibly add new Sopra Banking modules to the portfolio of systems at RB.”

Jon Helgi Einarsson, Executive Vice-President at RB

Fill in the form in the banner at the top to read the full Customer story.